ION Exchange (India) Limited has informed the Exchange regarding 'Machine Readable / legible copy of Financial Results'.
IONEXCHANG · price
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ION Exchange (India) Limited announced its audited financial results for the year ended March 31, 2025. Standalone revenue from operations grew about 16.5% to Rs. 2,54,006 lakhs (from Rs. 2,18,004 lakhs in FY24), while profit after tax rose modestly to Rs. 21,448 lakhs (from Rs. 20,410 lakhs). Basic EPS came in at Rs. 17.45 vs Rs. 16.60 last year. The Board recommended a dividend of Rs. 1.50 per share (150% on face value of Rs. 1). Mr. Indraneel Dutt was redesignated from Managing Director to Managing Director & CEO. The Board also appointed M/s. GMJ & Associates as Secretarial Auditor for 5 years and reconstituted the Risk Management Committee. The statutory auditor (Deloitte Haskins & Sells LLP) issued an unmodified opinion on both standalone and consolidated results, but the consolidated report includes an Emphasis of Matter regarding subsidiary Ion Exchange Enviro Farms Limited (IEEFL), where SEBI has directed a deposit of Rs. 22.02 crores related to an old investor refund matter currently under appeal (next hearing July 29, 2025). Comparatives were restated to reflect the amalgamation of two subsidiaries from April 1, 2022.
Solid top-line growth of ~16.5% signals healthy business momentum, but modest bottom-line growth (~5%) and a sharp drop in operating cash flow (Rs. 2,618 lakhs vs Rs. 12,447 lakhs) suggest working capital pressures. The Emphasis of Matter around the IEEFL subsidiary's Rs. 22.02 crore SEBI matter is a lingering overhang, though no immediate material impact on parent financials is indicated. The 150% dividend is a positive signal for income-seeking shareholders.